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Nov 30, 2012
11/12
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. >>> with the fiscal cliff approaching, people worry about having to pay a higher tax rate, i get that, but when you can snag high-quality stocks that yield more than 5%, i'm all ears. that's one of the reasons i want to tell you about health care trust of america, a newly minted real estate trust that owns medical office buildings. hga is a very defensive stock. unlike retail reits, it's levered to a sector, health care, that just does fine when the economy goes in recession. look, it's a real possibility if we go off the cliff. plus we have a limited supply of medical office space. this is a nice, steady business. let's take a closer look with scott peters. mr. peters, welcome to "mad money." >> thank you for having me. >> i try all the time to find companies that might be beneficiaries of the affordable health care act. i stumbled on you guys. you're the one? >> we think we are. we've been fortunate. health care systems are now running like businesses. with 30 to 40 million more insured coming up, they need the most affordable location to off those services. those are mobs, they're
. >>> with the fiscal cliff approaching, people worry about having to pay a higher tax rate, i get that, but when you can snag high-quality stocks that yield more than 5%, i'm all ears. that's one of the reasons i want to tell you about health care trust of america, a newly minted real estate trust that owns medical office buildings. hga is a very defensive stock. unlike retail reits, it's levered to a sector, health care, that just does fine when the economy goes in recession. look,...
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Dec 6, 2012
12/12
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in a fiscal cliff free fall, tax rates on capital gains could rise to 24%. those dividends could increase to a whopping 44%. here now is former reagan economic adviser art laugher. how can you have capitalism without capital and why is there a war on capital, that includes cap gains, that includes dividends which will triple. it also includes the estate tax. why is there a war on capital? >> i have no idea, larry. i think it's just pure politics. but it's sort of lovely the words and looking them up. i understand that the french don't have a word for entrepreneur or laissez faire. [ laughter ] >> because they never use it. >> they never use it. economics is all about incentives. if you tax people who work, you pay people who don't work, don't be surprised if you find a lot of people not working. it's the rich issue here, which is just fascinating to me. if you tax rich people and give the money to poor people, you're going to get lots and lots of poor people and very few rich people. just look at what happened in britain two years ago when gordon brown raise
in a fiscal cliff free fall, tax rates on capital gains could rise to 24%. those dividends could increase to a whopping 44%. here now is former reagan economic adviser art laugher. how can you have capitalism without capital and why is there a war on capital, that includes cap gains, that includes dividends which will triple. it also includes the estate tax. why is there a war on capital? >> i have no idea, larry. i think it's just pure politics. but it's sort of lovely the words and...
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Jun 19, 2012
06/12
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. >> we have a pair of big guests looming on the fiscal cliff. >> rising interest rates in europe, a coming attraction to what we could see in the u.s. former senator allen simpson explains why we could be in for fiscal chaos. and how will mitt romney right the ship if taxmeggedon happens. awards lift you up. but they can also hold you back. unless you ask, "what's next?" introducing the all-new rx f sport. this is the pursuit of perfection. wanted to provide better employee benefits while balancing the company's bottom line, their very first word was... [ to the tune of "lullaby and good night" ] ♪ af-lac ♪ aflac [ male announcer ] find out more at... [ duck ] aflac! [ male announcer ...forbusiness.com. [ yawning sound ] ♪[linkin park "burn it down"] ...forbusiness.com. ♪[rock] ♪ [narrator] can't wait for the honda civic tour featuring linkin park? neither can we. go to facebook.com/hondacivictour for details. >>> welcome >>> welcome back, hopes today of more stimulus by the federal reserve is among the boosts for the stocks rallying today. >> another group that is seeing
. >> we have a pair of big guests looming on the fiscal cliff. >> rising interest rates in europe, a coming attraction to what we could see in the u.s. former senator allen simpson explains why we could be in for fiscal chaos. and how will mitt romney right the ship if taxmeggedon happens. awards lift you up. but they can also hold you back. unless you ask, "what's next?" introducing the all-new rx f sport. this is the pursuit of perfection. wanted to provide better...
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Nov 7, 2012
11/12
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must resolve the fiscal cliff to maintain that aaa credit rating. we'll talk to the man taking the call coming up, david riley and at&t raising its dividend this morning. news about capital spending. david faber has an exclusive interview with ceo randall stephenson live from new york city. futures look weak down 1/14. "squawk on the street" live from post nine is back in a minute. i was in the ambulance and i was told to call my next of kin. at 33 years old, i was having a heart attack. now i'm on a bayer aspirin regimen. [ male announcer ] be sure to talk to your doctor before you begin an aspirin regimen. i didn't know this could happen so young. take control, talk to your doctor. ♪ welcome to the world leader in derivatives. welcome to superderivatives. >>> president obama enjoying an election victory. phil lebeau joins us from mccormick place in chicago where the speech took place talking about the mood there today and the hard work begins again. >> reporter: it will be interesting to see over the next couple of weeks besides the fiscal cliff
must resolve the fiscal cliff to maintain that aaa credit rating. we'll talk to the man taking the call coming up, david riley and at&t raising its dividend this morning. news about capital spending. david faber has an exclusive interview with ceo randall stephenson live from new york city. futures look weak down 1/14. "squawk on the street" live from post nine is back in a minute. i was in the ambulance and i was told to call my next of kin. at 33 years old, i was having a heart...
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Nov 29, 2012
11/12
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we would love to see the fiscal cliff solved, we would love to see fundamentals come back to sense, but our affordable care act, i don't see that as a big impact at all. >> simple, good clean story with good distribution, nice yield. scott peters, chairman and president of health care trust of america. they are not involved with the crazies in of america other than maybe they can profit from it. [ male announcer ] if you suffer from heartburn 2 or more days a week, why use temporary treatments when you can prevent the acid that's causing it with prevacid24hr. with one pill prevacid24hr works at the source to prevent the acid that causes frequent heartburn all day and all night. and with new prevacid24hr perks, you can earn rewards from dinner deals to music downloads for purchasing prevacid24hr. prevent acid all day and all night for 24 hours with prevacid24hr. >>> are we underestimating sandy, just plain wrong about how much rebuilding needs to be done? maybe this morning we got a recognition from bill dudley, president of the new york federal reserve, that sandy might be the big o
we would love to see the fiscal cliff solved, we would love to see fundamentals come back to sense, but our affordable care act, i don't see that as a big impact at all. >> simple, good clean story with good distribution, nice yield. scott peters, chairman and president of health care trust of america. they are not involved with the crazies in of america other than maybe they can profit from it. [ male announcer ] if you suffer from heartburn 2 or more days a week, why use temporary...
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Dec 7, 2012
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the truth is, the best thing we could do is go over the fiscal cliff. we have the same tax rates that we have when bill clinton was president. significant cuts in defense and also significant human services can you tell us. >> katie, let me ask you, before you respond to what governor dean is saying. there is logic to what howard dean is saying. i don't happen to agree with it. but i know where he's coming from. katie, let me ask you this -- katie can't hear me. we'll wait for her to get back hooked in. howard, what about the notion that i'm posing tonight -- i've said this a few times -- republicans better be careful. they're not going down your road and the democrats aren't going down your road. you have middle class tax cuts for the democrats and it sometimes sounds to me as an old reagan conservative that the republicans better watch themselves because sometimes it sounds like they are kind of defending rich people. that's their whole mantra, just defending rich people. and i think that's not where they should be. >> i would agree. if i were politic
the truth is, the best thing we could do is go over the fiscal cliff. we have the same tax rates that we have when bill clinton was president. significant cuts in defense and also significant human services can you tell us. >> katie, let me ask you, before you respond to what governor dean is saying. there is logic to what howard dean is saying. i don't happen to agree with it. but i know where he's coming from. katie, let me ask you this -- katie can't hear me. we'll wait for her to get...
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Dec 4, 2012
12/12
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the fiscal cliff. two former governors will offer their perspective. plus, more on what bank of america's brian moynihan told becky this morning. more "squawk on the street" in just a moment. try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from chase. you can stay in and share something... ♪ ♪ ...or you can get out there with your friends and actually share something. ♪ the lexus december to remember sales event is on, offering some of our best values of the year. this is the pursuit of perfection. offering some of our best values of the year. i have obligations. cute tobligations, but obligations.g. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your
the fiscal cliff. two former governors will offer their perspective. plus, more on what bank of america's brian moynihan told becky this morning. more "squawk on the street" in just a moment. try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your...
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Nov 15, 2012
11/12
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the fiscal cliff. in other words, no deal making means bad recession. is that a scenario -- is that what the market's telling us? >> i think you're dead on. if you look at what's happened, real incomes have fallen much more during the recovery than they did during the preceding recession. 4.8% down versus 2.7% down. unemployment is higher now than when the president first took office. what's made people feel good is a rising stock market. they felt wealthier. now with all these big tax increases coming on on capital gains and dividends, people don't feel that anymore. the significance of this poll, larry, is it's the first poll taken after the election. and the rhetoric has been very strong, also from harry reid. remember, when it looked like romney might win, he said there's going to be in reaching across the aisle. that's what harry reid said. >> i assumed all along that congress, in its wisdom, cannot be so stupid as to let all the tax cuts expire on december 31st. they cannot be so stupid. it's jus
the fiscal cliff. in other words, no deal making means bad recession. is that a scenario -- is that what the market's telling us? >> i think you're dead on. if you look at what's happened, real incomes have fallen much more during the recovery than they did during the preceding recession. 4.8% down versus 2.7% down. unemployment is higher now than when the president first took office. what's made people feel good is a rising stock market. they felt wealthier. now with all these big tax...
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Dec 20, 2012
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my exclusive interview with the head of conagra and bon moshe and what he thinks about the fiscal cliff and the house gearing up to vote on speaker boehner's plan "b" action. we'll go live to washington. stay with us. daniels of indiana. ally bank. why they have a raise your rate cd. tonight our guest, thomas sargent. nobel laureate in economics, and one of the most cited economists in the world. professor sargent, can you tell me what cd rates will be in two years? no. if he can't, no one can. that's why ally has a raise your rate cd. ally bank. your money needs an ally. >>> welcome back. chef boyardee, marie calendar and banquet meals, congressing a are a produces it. conagra also increased the ante on the full year target. good to have you on the program, mr. rod kin, thanks for joining us. >> good to be here. >> you raised your guidance for next year, but many of your peers are talking about uncertainty. why are you so optimistic? >> well, we believe that we really do have some momentum in the business. both operating segments, both our consumer foods and our commercial segment are
my exclusive interview with the head of conagra and bon moshe and what he thinks about the fiscal cliff and the house gearing up to vote on speaker boehner's plan "b" action. we'll go live to washington. stay with us. daniels of indiana. ally bank. why they have a raise your rate cd. tonight our guest, thomas sargent. nobel laureate in economics, and one of the most cited economists in the world. professor sargent, can you tell me what cd rates will be in two years? no. if he can't,...
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Dec 5, 2012
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go over the cliff so that tax rates reset and we can get on a bitter fiscal trajectory, and -- and -- they can quickly, as nicole mentioned, reverse some worse effects of that. and in that sense, we've gone over it, but briefly. i'm not for it but that is a resolution that would really use the leverage, the dynamics that are in play right now to finally get us on a more sustainable fiscal path. >> it's not juvenile hall, it is just detention. you eventually get out. jared and nicole, thank you very much. >>> meantime, more than 100 major companies have now announced either special dividends or move their dividends up from next year to this year. it is all being done ahead of fear of potential higher taxes on capital gains. while shareholders may be happy, there are likely to be some very unintended consequences. robert frank is here. what are said unintended consequences? >> there are unintended consequences. basically i'm going to call it the great income shift. basically it could leave state and federal governments with huge budget holes and another big defense dit problicit probl.
go over the cliff so that tax rates reset and we can get on a bitter fiscal trajectory, and -- and -- they can quickly, as nicole mentioned, reverse some worse effects of that. and in that sense, we've gone over it, but briefly. i'm not for it but that is a resolution that would really use the leverage, the dynamics that are in play right now to finally get us on a more sustainable fiscal path. >> it's not juvenile hall, it is just detention. you eventually get out. jared and nicole,...
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Dec 7, 2012
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a very stark assessment from the house speaker on where the fiscal cliff talks stand with 24 days to go. where should you put your money heading into this weekend? could be a very crucial weekend. >>> no worries. with the unemployment rate still near an 8% level, why some companies can't find workers. there's work and it is not a skills gap. we'll show you what else is being factored in to that equation. >>> and no fair, perhaps? well, a big change at big blue. ibm changing the way it pays down its 401(k). will other companies follow suit? tyler mathisen, my partner, who is always fair, always working, and is always a work in progress, according to this, is at new york stock exchange. hi, ty. >> i am the ultimate work in progress. thank you very much. >>> despite the assessment from the speaker of the house on the fiscal cliff, the fact he says there is no progress being made so far, the dow sort of playing past it. right now the industrials up by 46 points at 13,120 and change. apple is part of the nasdaq. apple down $14 a share. another 2.66% today as scott mentioned a moment ago,
a very stark assessment from the house speaker on where the fiscal cliff talks stand with 24 days to go. where should you put your money heading into this weekend? could be a very crucial weekend. >>> no worries. with the unemployment rate still near an 8% level, why some companies can't find workers. there's work and it is not a skills gap. we'll show you what else is being factored in to that equation. >>> and no fair, perhaps? well, a big change at big blue. ibm changing...
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Aug 31, 2012
08/12
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and large businesses worrying about the fact that under an obama administration the fiscal cliff could mean higher tax rates. >> all right. we'll leave it there. thanks to you both coming from jackson hole. pippa, martin, as always. coming up this evening a smart new platform on the republican agenda calls for a new gold commission. that will change fed policy. we've got lou lurman from the original membership of the reagan gold commission years ago. lou said it's critical to go back for our economy to heal. that's next. [ male announcer ] it's a golden opportunity to experience the ultimate expression of power... control. [ engine revs ] during the golden opportunity sales event, get great values on some of our newest models. this is the pursuit of perfection. but don't just listen to me. listen to these happy progressive customers. i plugged in snapshot, and 30 days later, i was saving big on car insurance. with snapshot, i knew what i could save before i switched to progressive. the better i drive, the more i save. i wish our company had something this cool. you're not filming this,
and large businesses worrying about the fact that under an obama administration the fiscal cliff could mean higher tax rates. >> all right. we'll leave it there. thanks to you both coming from jackson hole. pippa, martin, as always. coming up this evening a smart new platform on the republican agenda calls for a new gold commission. that will change fed policy. we've got lou lurman from the original membership of the reagan gold commission years ago. lou said it's critical to go back for...
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Nov 8, 2012
11/12
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but you can say you are freaked out about the fiscal cliff, higher dividend or capital gains tax rates or maybe even greece. but are these really reasons not to own stocks? let's bring in craig hodges, co-portfolio manager of the hodges fund, as well as peter tuse. if capital gains rates go up in january, why wouldn't i buy stocks aggressivelily now and sell toward the end of the year? why sell now? >> there's a lot of cross currents. people are positioning. i think that's what you're seeing in the market, is people positioning for i guess the new world and it is likely that the -- that capital gains and dividend taxes are going to go up. we've talked at the hodges funds to several of our companies and a lot of them are actually having special meetings between now. a lot of them schedule them for right after the election to actually have a dividend strategy for the remainder of the year. if you're sitting on a lot of cash and you eventually want to return it to shareholders between now and december 31st is the time to do that. i think you'll see a lot of special dividends between now a
but you can say you are freaked out about the fiscal cliff, higher dividend or capital gains tax rates or maybe even greece. but are these really reasons not to own stocks? let's bring in craig hodges, co-portfolio manager of the hodges fund, as well as peter tuse. if capital gains rates go up in january, why wouldn't i buy stocks aggressivelily now and sell toward the end of the year? why sell now? >> there's a lot of cross currents. people are positioning. i think that's what you're...
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Dec 1, 2012
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. >> and don luskin, is it better to own bonds during this fiscal cliff tiff? >> yes, december is the time to be risk off folks. the market's in complete denial. total complacency. the fiscal cliff will create a crisis like the debt ceiling negotiation did that led to the bottom 16 months ago. going to be another buying opportunity. but stocks will be significantly lower. by the way that's what creates buying opportunities. but face it it's going to happen. >> jim la camp, will the stock market vigilantes be necessary to get an agreement in washington? >> i think we're going to see more volatility. >> don and jim, thanks very much. >>> up next why the biggest headache right now for a baseball general manager might just be taxes and the fiscal cliff. don't tell me taxes don't matter. it even affects baseball all next on "kudlow." >>> dominos have a problem with obama care. they claim it forces them to post signs with nutritional information on every product. domino's says it's done the math. there are 34 million possible combinations costing thousands of dollars
. >> and don luskin, is it better to own bonds during this fiscal cliff tiff? >> yes, december is the time to be risk off folks. the market's in complete denial. total complacency. the fiscal cliff will create a crisis like the debt ceiling negotiation did that led to the bottom 16 months ago. going to be another buying opportunity. but stocks will be significantly lower. by the way that's what creates buying opportunities. but face it it's going to happen. >> jim la camp,...
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Dec 11, 2012
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>> melissa, last week, we discussed the impact of the fiscal cliff on baseballs. free agents might try to get more upfront money to protect against the possibility of higher rates, because with an average salary of around $3.5 million, and a league minimum of $480,000, all these guys are 1%. two big deals before the winter meetings. b.j. upton, $75 million contract and evan longoria's 1$100 millin extension. upton had a $3 million bonus and longoria shifted $4 million out of next year. i confirmed this, and what i found was pretty surprising. >> that's part of any negotiation. it's not unique to this year. obviously because of, you know, everything that's -- the whole world is sort of watching the last month here in the united states, so, there's a lot more focus and we get that question a lot, but that is a part of every negotiation. >> i think it would be more on a back-end consideration for a player in what he's deciding. >> billy beane was cool. longoria's people said that fiscal cliff was not a factor. baseball doesn't front load. not part of the culture. pla
>> melissa, last week, we discussed the impact of the fiscal cliff on baseballs. free agents might try to get more upfront money to protect against the possibility of higher rates, because with an average salary of around $3.5 million, and a league minimum of $480,000, all these guys are 1%. two big deals before the winter meetings. b.j. upton, $75 million contract and evan longoria's 1$100 millin extension. upton had a $3 million bonus and longoria shifted $4 million out of next year. i...
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Nov 14, 2012
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the president is optimistic that he can work with congress to fine a compromise on the fiscal cliff, although he is sticking to his guns about raising tax rates on those making more than $250,000 a year, something the gop and john boehner have said they are unlikely to support. >>> welcome to this special "rise above" edition of street signs coming to you live from the white house. i am brian sullivan where the president just wrapped up his first news conference since re-election and his first in eight months. since that time there's been this little thing called the election and that big thing we are all facing called the fiscal cliff. >>> the markets are selling off for a number of reasons. let's see where the markets stand and welcome back michelle caruso-cabrera. >> brian, take a look at the markets. intrasession here, the dow hit its lows of the session during president obama while he was speaking, lower by 107 points. 12,648. the dow down 1,000 points from the year's high. nasdaq dipping into correction territory right now, lower by 17 points. down 10% from its highs of 2012. r
the president is optimistic that he can work with congress to fine a compromise on the fiscal cliff, although he is sticking to his guns about raising tax rates on those making more than $250,000 a year, something the gop and john boehner have said they are unlikely to support. >>> welcome to this special "rise above" edition of street signs coming to you live from the white house. i am brian sullivan where the president just wrapped up his first news conference since...
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Jul 18, 2012
07/12
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are democrats playing fiscal cliff chicken? washington state senator patty murray says if we can't raise tax rates on the upper brackets, democrats are prepared to let all the bush-obama tax cuts expire at the end of the year. most believe that will lead to a recession. if you listen to senator murray it sounds like democrats aren't prepared to compromise, but is the white house on board? treasury secretary geithner surprised me this morning in our interview. please take a listen to the exchange. when was the last time you met with speaker boehner to talk about possible compromises? >> i think the last time i spoke to him was several weeks ago when i went to talk to them about europe. i do have to talk to everybody relevant about the decisions. they said, if you listen carefully there is a lot of foundation laying under way in the senate and particular to explore what's going to work. >> i think that's interesting. let's turn to the senate. joining us, wisconsin republican senator ron johnson. he co-authored this op-ed today. w
are democrats playing fiscal cliff chicken? washington state senator patty murray says if we can't raise tax rates on the upper brackets, democrats are prepared to let all the bush-obama tax cuts expire at the end of the year. most believe that will lead to a recession. if you listen to senator murray it sounds like democrats aren't prepared to compromise, but is the white house on board? treasury secretary geithner surprised me this morning in our interview. please take a listen to the...
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Nov 8, 2012
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that's a tough call because the fiscal cliff really hurts disposable income. plus, they were up so much you might want to sell them to lock in the capital gains with the lower tax rate. i think the world of costco and walmart, but i don't know if they can go up enough to justify keeping them now versus getting a lower tax on the sale. i like the apparel stocks very well. pbh. i can understand trimming them after sequestration and a fiscal cliff that raises the taxes on capital gains. those that thought romney could scrap obamacare really got whacked today. these companies are doing quite well. i'm not going to recommend selling their stocks after today's fall. i'm more willing to buy them after a couple days of selling. at the same time, i actually do want to sell, sell, sell the hospital stocks that ran up today off of assurety for obama care. hey, listen, that's a bad business, with or without obama. finally, there's the banks. first, i disagree that regulation is killing them, even as the banks protest greatly it is. the good ones have been able to make a t
that's a tough call because the fiscal cliff really hurts disposable income. plus, they were up so much you might want to sell them to lock in the capital gains with the lower tax rate. i think the world of costco and walmart, but i don't know if they can go up enough to justify keeping them now versus getting a lower tax on the sale. i like the apparel stocks very well. pbh. i can understand trimming them after sequestration and a fiscal cliff that raises the taxes on capital gains. those that...
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Jun 4, 2012
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or would that speed up a fall off the fiscal cliff? we want to know what you think. can we solve our economic problems by borrowing more money? we tweet us at cnbc closingbell. sr that may be bucking a larger trend. i'm stephen hett of fidelity investments. the etf market tracker is one more innovative reason serious investors are choosing fidelity. get 200 free trades today and explore your next investing idea. but when i was diagnosed with prostate cancer... i needed a coach. our doctor was great, but with so many tough decisions i felt lost. unitedhealthcare offered us a specially trained rn who helped us weigh and understand all our options. for me cancer was as scary as a fastball is to some of these kids. but my coach had hit that pitch before. turning data into useful answers. we're 78,000 people looking out for 70 million americans. that's health in numbers. unitedhealthcare. how math and science kind of makes the world work. in high school, i had a physics teacher by the name of mr. davies. he made physics more than theoretical, he made it real for me. we bu
or would that speed up a fall off the fiscal cliff? we want to know what you think. can we solve our economic problems by borrowing more money? we tweet us at cnbc closingbell. sr that may be bucking a larger trend. i'm stephen hett of fidelity investments. the etf market tracker is one more innovative reason serious investors are choosing fidelity. get 200 free trades today and explore your next investing idea. but when i was diagnosed with prostate cancer... i needed a coach. our doctor was...
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Nov 16, 2012
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i'm not saying it's done going down, but as we wait for the fiscal cliff to be resolved, amgen will be among the first stocks to stabilize and rebound with a vengeance. i have never seen amgen this cheap in my lifetime. what a great 401(k)/ira stock. amgen is a stellar company that's being overlooked. nothing to do with the fiscal cliff whatsoever. it has more to do with clifford the big red dog. this has a robust pipeline and shareholder friendly attitude. pick amgen carefully on the way down, starting in tomorrow's session and i'm happy to throw a party for its upside surprise. >>> dave in texas. dave. >> caller: jim, given the worldwide epidemic of obesity and along with it, diabetes, i'm shocked i never hear anyone on your show discuss the stock novo nordisk. i am wondering if you think there's a good opportunity to add to the position? >> you are right. it was at 90, i talked about it. but it was part of a diabetes overview that i gave, and i have watched it go up and up and up. and the last couple of days, choppy, but i think novo nordisk, they still have the best anti-diabetes m
i'm not saying it's done going down, but as we wait for the fiscal cliff to be resolved, amgen will be among the first stocks to stabilize and rebound with a vengeance. i have never seen amgen this cheap in my lifetime. what a great 401(k)/ira stock. amgen is a stellar company that's being overlooked. nothing to do with the fiscal cliff whatsoever. it has more to do with clifford the big red dog. this has a robust pipeline and shareholder friendly attitude. pick amgen carefully on the way down,...
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Nov 14, 2012
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the market and the economy very much need for this fiscal cliff to be averted. then i also think that next year we need the grand bargain. i think there is a tremendous opportunity to accelerate the growth rate in america if we get a sound fiscal policy that's around the issues of the grand bargain. >> speaking of bargain, steve fold buying you guys for $775 million. i don't know whether you'd say that's a bargain or not, but is that representative of what we're going to see going forward in financial services deals? >> we think there's going to be more consolidation. kbw's research department has been speaking about that. we think our deal is a wonderful opportunity to make both of our companies stronger and we're very excited about it. >> tom, we'll see what the president says at 1:30. be well. >>> coming up at the top of the hour, our special report -- "rise above." focusing on the fiscal cliff and the drive for a solution to the fiscal cliff. >>> then at 1:30, of course we're going to cover the president's news conference live so stay tuned to cnbc. >>> but
the market and the economy very much need for this fiscal cliff to be averted. then i also think that next year we need the grand bargain. i think there is a tremendous opportunity to accelerate the growth rate in america if we get a sound fiscal policy that's around the issues of the grand bargain. >> speaking of bargain, steve fold buying you guys for $775 million. i don't know whether you'd say that's a bargain or not, but is that representative of what we're going to see going forward...
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Dec 6, 2012
12/12
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if we're going off the fiscal cliff, we know capital gains tax rates are going higher, right? right? that's obvious. do you really think the republicans have the power to keep those capital gains rates down? apple's become a referendum on the president's power and polling. right now he has the upper hand, then he can really roll them and intends to do so. it's reasonable to take some profits so you can pay the tax man less now rather than more later. it's a wimpy thing, it's logical, makes perfect economic sense. especially if you hold apple. so the stock gets hammered. it makes sense to sell it. but let's be less emotional and even clinical about this one. first, divide apple's share price by ten, now you have a stock that got crushed down to $54. when you do that arithmetic, it isn't all that scary, is it? where does the pessimism fit in? when we have to endure the pin the tail on the selloff game, what excuses for the selloff, myriad alibis i hear from today's action. apple's losing share to google, it doesn't have the right phones in europe, nokia's making a comeback, the
if we're going off the fiscal cliff, we know capital gains tax rates are going higher, right? right? that's obvious. do you really think the republicans have the power to keep those capital gains rates down? apple's become a referendum on the president's power and polling. right now he has the upper hand, then he can really roll them and intends to do so. it's reasonable to take some profits so you can pay the tax man less now rather than more later. it's a wimpy thing, it's logical, makes...
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Nov 15, 2012
11/12
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can you envision a deal being done on the fiscal cliff that does not have tax rates for the wealthy going to 39. 7? >> yes. >> really? >> the president did not end up where you ended up. he was asked directly is 39.6 your ending point and he was careful to say no i'm not shutting the door on that. it's very clearly his starting point and i would say more emphatically his starting point is the expiration of the upper income. so he believes correctly he ran on that, he won on that, and as he said yesterday even more people than voted for him support that, in the exit polls so that's where he starts. i don't know that's where he ends. >> wait a second you both said something very interesting. first of all the 39.6 is one question. the other is, is it going to affect people at $250,000, half a million dollars, a million dollars. >> i disagree with george on this point, i have a very hard time envisioning 250 becoming 500 or a million. we looked at that a little while ago. you saw schumer and pelosi kind of made some signals. i don't see it and george is right you lose a lot of revenue when yo
can you envision a deal being done on the fiscal cliff that does not have tax rates for the wealthy going to 39. 7? >> yes. >> really? >> the president did not end up where you ended up. he was asked directly is 39.6 your ending point and he was careful to say no i'm not shutting the door on that. it's very clearly his starting point and i would say more emphatically his starting point is the expiration of the upper income. so he believes correctly he ran on that, he won on...
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Dec 7, 2012
12/12
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cliff if we don't get higher rates was reckless talk. the staff resumed conversations yesterday in the phone call between speaker boehner and the president that you mentioned. so it's difficult to tell. i still believe as i've said ever since the election that the conditions are emerging for a potential deal, but you've got to get there when the speaker can rally his troops behind the sort of deal that the president will accept. the president believes he holds the high ground. he has all the tax cuts expiring at the end of the year and the question is do we have to go over that cliff before a deal can be struck or not. >> we asked you yesterday whether or not progress was taking place at least on the staff level. you said there were differing opinions. has the needle moved on that front? >> well, the movement of the needle was that yesterday the staff resumed conversations after a little hiatus over several days before that, so that is a progress in and of itself that they're talking, but there's no indication that those conversations ha
cliff if we don't get higher rates was reckless talk. the staff resumed conversations yesterday in the phone call between speaker boehner and the president that you mentioned. so it's difficult to tell. i still believe as i've said ever since the election that the conditions are emerging for a potential deal, but you've got to get there when the speaker can rally his troops behind the sort of deal that the president will accept. the president believes he holds the high ground. he has all the...
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Dec 4, 2012
12/12
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the fiscal cliff. if we go off the cliff tax rates on dividends could go from 15% to more than 43%. companies are racing to beat the tax hikes by paying dividends before december 31st and some of the biggest beneficiaries, both insiders and ceos. mickey arison is getting $89 million from carnival giving him a potential tax savings. and larry elison is getting savings around $56 million. thomas frist at hca is getting around $350 million, saving him $100 million. and kkr and bain capital will get a big piece of the dividends. the king of all dividends is sheldon adelson who gets $1.2 billion from sands corp dividend and his tax savings alone could be $340 million. all shareholders benefit from dividends and many of the owners and ceos have recused themselves from the dividend votes, but these companies tend to have higher insider ownership. the average insider ownership of these dividenders is around 27%. it all shows that just the threat of higher taxes is causing companies and people to take next year's income today when they can. >> yeah. it's interesting. we were talking about th
the fiscal cliff. if we go off the cliff tax rates on dividends could go from 15% to more than 43%. companies are racing to beat the tax hikes by paying dividends before december 31st and some of the biggest beneficiaries, both insiders and ceos. mickey arison is getting $89 million from carnival giving him a potential tax savings. and larry elison is getting savings around $56 million. thomas frist at hca is getting around $350 million, saving him $100 million. and kkr and bain capital will...
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Apr 5, 2012
04/12
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debt rating, which is going to push this issue back into the spotlight. the concern is just that we won't be able to. you're already seeing this come back a little bit. we're back into this risk on/risk off trade. >> kelly, i totally agree that this tax hike cliff is a disaster. that i totally agree with. but i'm just very skeptical. to me, the last few years, profits have driven stocks, not the fed. but i know everybody disagrees with that. >> no, larry, but profits have been an important source of this rally. the problem, though, is that's starting to come to an end. that's the problem here. the fed is backing from the market at a time when that profit cycle is peaking. looks like this earnings season could bring an end to the nine-quarter winning streak we've had. the question becomes how much more can the market stand on its own especially when these dynamics work -- >> jeff, i think domestic profits might do a little better because the domestic economy's doing better. we saw again today, lower jobless claims, chain store sales and retailing beat esti
debt rating, which is going to push this issue back into the spotlight. the concern is just that we won't be able to. you're already seeing this come back a little bit. we're back into this risk on/risk off trade. >> kelly, i totally agree that this tax hike cliff is a disaster. that i totally agree with. but i'm just very skeptical. to me, the last few years, profits have driven stocks, not the fed. but i know everybody disagrees with that. >> no, larry, but profits have been an...
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Dec 12, 2012
12/12
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. >>> coming up, the fiscal cliff, the dividend tax rate, a power company ceo will tell us about his biggest concern if a deal doesn't get done by the end of the year. >>> also, what the ceo of walmart thinks about that, as well. he had really explosive data. mike duke last night. we'll bring it to you. "squawk box" is coming back. what's next? he's going to apply testosterone to his underarm. axiron, the only underarm treatment for low t, can restore testosterone levels back to normal in most men. axiron is not for use in women or anyone younger than 18. axiron can transfer to others through direct contact. women, especially those who are or who may become pregnant, and children should avoid contact where axiron is applied as unexpected signs of puberty in children or changes in body hair or increased acne in women may occur. report these signs and symptoms to your doctor if they occur. tell your doctor about all medical conditions and medications. do not use if you have prostate or breast cancer. serious side effects could include increased risk of prostate cancer; worsening prosta
. >>> coming up, the fiscal cliff, the dividend tax rate, a power company ceo will tell us about his biggest concern if a deal doesn't get done by the end of the year. >>> also, what the ceo of walmart thinks about that, as well. he had really explosive data. mike duke last night. we'll bring it to you. "squawk box" is coming back. what's next? he's going to apply testosterone to his underarm. axiron, the only underarm treatment for low t, can restore testosterone...
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Nov 13, 2012
11/12
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you know, the fact is everybody is focused on the fiscal cliff. but the fact is that they are conflating fiscal cliff with fiscal reform and really knowing that we move order a path towards solvency. i heard you talking to an investor just right before i came on and -- i know he was talking about the cliff and all of those things. but i think it is very important also to really focus on this fiscal reform issue. if we skate past the fiscal cliff, we still have the solvency issue the deal with. what republicans said is look, we are willing to put revenues on the table and i don't want to get into splitting hairs on the program and negotiating in public and -- by the way, two most important people in these negotiations are the president and speaker boehner. those are the two that can actually get a result by year end. i think what republicans have said is, look, we don't mind looking at revenues but we want to make sure we have actually solved the problem, we dealt with entitlements, especially we dealt with medicare ask those are the ying and the y
you know, the fact is everybody is focused on the fiscal cliff. but the fact is that they are conflating fiscal cliff with fiscal reform and really knowing that we move order a path towards solvency. i heard you talking to an investor just right before i came on and -- i know he was talking about the cliff and all of those things. but i think it is very important also to really focus on this fiscal reform issue. if we skate past the fiscal cliff, we still have the solvency issue the deal with....
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Oct 5, 2012
10/12
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the negatives are, whether it's the fiscal cliff, tax rate uncertainty that can be fixed easily. we do have an election coming up. but i think the unpinnings of our economy can do a lot more like canada without a whole lot of effort whether energy or retail in the end this number may be very strange but i still think canada gives me a bit of hope. back to you. >> the canadian number is one to watch. we'll see you in a few moments. we should mention the president is being introduced in fairfax, virginia. when he comes to the podium we'll take that live. in the meantime a quick break. we'll talk to the congresswoman trying to save you money on your insurance bill. congresswoman judy biggert will talk how americans are funding big bank bailouts after a quick break. [ male announcer ] at scottrade, weat over 500 locations, where our dedicated support teams help you know more so your money can do more. [ rodger ] at scottrade, seven dollar trades are just the start. our teams have the information you want when you need it. it's another reason more investors are saying... [ all ] i'm w
the negatives are, whether it's the fiscal cliff, tax rate uncertainty that can be fixed easily. we do have an election coming up. but i think the unpinnings of our economy can do a lot more like canada without a whole lot of effort whether energy or retail in the end this number may be very strange but i still think canada gives me a bit of hope. back to you. >> the canadian number is one to watch. we'll see you in a few moments. we should mention the president is being introduced in...
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Jul 12, 2012
07/12
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falls off the fiscal cliff at the end of the year? the answer may surprise you. is the fed out of bullets coming to fighting out of a recession? noted interest rate watcher jim grant weighs in. all ahead at the top of the hour. we look forward to seeing you from here at the new york stock exchange. but first, a market flash from brian shactman. brian? >> flash gordon music going. thank you, bill. we reported about the positive news of merck. there are tributary impacts and quest diagnostics is one of them. dgx. they have mid to high single digit royalties on future sales of this drug until 2023. goldman sachs says. hey, bri. >> hey, br 4i. a lot of love here. >>> a wave of cities declaring bankruptcy. that's nothing new here. the residents of braddic, pennsylvania, ten miles outside of pittsburgh is broke for a century and people aren't giving up. what does it look like in a town that's been bankrupt for a while? let's ask the mayor, john federman. welcome to "street signs." a lot of towns out there going bust. maybe not to the extent of your town. what does it l
falls off the fiscal cliff at the end of the year? the answer may surprise you. is the fed out of bullets coming to fighting out of a recession? noted interest rate watcher jim grant weighs in. all ahead at the top of the hour. we look forward to seeing you from here at the new york stock exchange. but first, a market flash from brian shactman. brian? >> flash gordon music going. thank you, bill. we reported about the positive news of merck. there are tributary impacts and quest...
805
805
Nov 6, 2012
11/12
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the fiscal cliff can't be allowed to sustain itself. we have now just driven the debt position up in the country. if the fed hadn't been buying all of the securities interest rates would be much higher. the annual deficit would be much higher. i think we can't allow that from the point of view of our children we can't allow the debt to continue. i would hope washington understands that. >> we are going to leave it there. appreciate you coming on this evening. we hope to see you in the morning one of these days soon. >> you hear the music and that could only mean one thing. jim cramer is making his way to the set. i never knew -- i heard the old cramer say cramerica. he will have the sectors on the move. a special edition of "squawk box" after this. ♪ ♪ ♪ [ male announcer ] some day, your life will flash before your eyes. ♪ make it worth watching. ♪ the new 2013 lexus ls. an entirely new pursuit. >>> this is a special election day presentation of "squawk box." welcome back to a special edition of squawk box. we have a huge line
the fiscal cliff can't be allowed to sustain itself. we have now just driven the debt position up in the country. if the fed hadn't been buying all of the securities interest rates would be much higher. the annual deficit would be much higher. i think we can't allow that from the point of view of our children we can't allow the debt to continue. i would hope washington understands that. >> we are going to leave it there. appreciate you coming on this evening. we hope to see you in the...
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40
Oct 15, 2012
10/12
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you were talking about the fiscal cliff. it's very hard to handicap this given we have a presidential election and then a lame duck congress. there's about $650 billion of fiscal cuts ready to take place, tax increases and spending cuts. we think it's going to amount to 200, a third of that. i think the market will live through it. one of your speakers made a good point, if it goes down, you know once that hit occurs you will get the bounce on the other side. there's good reason to look through that somewhat, but, yes, if you see those kind of capital gains tax hikes, you will get a hit to the market, no question. it's more a three to six month outlook. >> sound like you have some arm twisting with barry knapp. >> no, he's lacking more tactically. >> i know. good to have you. coming up, does the high speed profit machine need a tune up? what some new numbers suggest. >>> if you're planning a trip to europe, why it may end up being cheaper than you think. more "halftime" is just ahead. those little things still get you. for y
you were talking about the fiscal cliff. it's very hard to handicap this given we have a presidential election and then a lame duck congress. there's about $650 billion of fiscal cuts ready to take place, tax increases and spending cuts. we think it's going to amount to 200, a third of that. i think the market will live through it. one of your speakers made a good point, if it goes down, you know once that hit occurs you will get the bounce on the other side. there's good reason to look through...
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Oct 1, 2012
10/12
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this is a bad fiscal tax cliff. >> listen, i'm not a big fan of the temporary tax cuts. i believe in lowering rates, permane permanently, deeply, that gets them the worst behaviors, invest more, tax more. i'm worried now that not only are we going to have higher taxes but the president's going to look at what's going on in france, maybe the tax rate should be 75% instead of 40%. economic patriotism should be the economic patriotism act. it will be 75%. >> let's keep it on topic, we're talking about the payroll tax cult which was done to stimulate payroll and consumption. >> and did nothing. >> i'm sorry, i actually see growth in certain sectors. we started the show talking about how good manufacturing -- you can't have it both ways. >> this has been the two worst recovery years in the history of the united states of america. >> it's stopped contracting. if you believe, i don't, jimmy does, but if you believe the payroll tax cuts stimulate consumption, what are you going to do when it's gone? nancy pelosi was quoted in the "new york times" says she doesn't want to extend
this is a bad fiscal tax cliff. >> listen, i'm not a big fan of the temporary tax cuts. i believe in lowering rates, permane permanently, deeply, that gets them the worst behaviors, invest more, tax more. i'm worried now that not only are we going to have higher taxes but the president's going to look at what's going on in france, maybe the tax rate should be 75% instead of 40%. economic patriotism should be the economic patriotism act. it will be 75%. >> let's keep it on topic,...
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Nov 19, 2012
11/12
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cliff. everyone said, hey, we're looking good! president in bangkok said things are looking good. pelosi came out, representative pelosi, speaker of the house, said we can do a deal. everybody's happy. then they all left. there is a recess. nobody's coming back with a fiscal crisis. a week and a half. >> that means there's no bad news. >> what sectors were most beaten up in the recent election? tech, telecom, energy and utilities. what sectors are up the most today? tech, telecom, energy and utilities. >> coincidence? >> wall street. don't you just love the whole thing? >>> the important thing is we're getting a little bit of gyrations in the gur reuro beca there is a finance minister's meeting tomorrow morning. that's helped our stock market because the dollar tends to weaken when that happens. that helps material stocks overall. >>> the titanic volume in the etf associated with japan for the last two days it's been enormous. that's because there is a lot of chatter about big-time quantitat
cliff. everyone said, hey, we're looking good! president in bangkok said things are looking good. pelosi came out, representative pelosi, speaker of the house, said we can do a deal. everybody's happy. then they all left. there is a recess. nobody's coming back with a fiscal crisis. a week and a half. >> that means there's no bad news. >> what sectors were most beaten up in the recent election? tech, telecom, energy and utilities. what sectors are up the most today? tech, telecom,...
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Nov 14, 2012
11/12
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we talk about this fiscal cliff and rising above all the time. but how important ultimately is all of this to where we are right this second? >> well, i think that it's important for us to take a look at the fiscal cliff in its context of this year and also next year. it's not necessarily how much of the fiscal cliff expires, it's the incremental drag to gdp. this year we've got about a 1% fiscal drag. next year we're looking at a 1.5% fiscal drag. it's the incremental gdp that really matters to the economy. >> the bigger question for us is we think there will be a compromise going into january, maybe on december 31st given what washington is doing. the bigger question is what are we doing long-term to support growth? that is the question. if you're going to raise revenue, are you going to do things to support economic long-term growth to go with it? inevitably, you have to reform entitlements. the question is how. so for us, there's only so much we think will impact in 2013. it's beyond 2013 is the big question. >> in this handicap, is this just
we talk about this fiscal cliff and rising above all the time. but how important ultimately is all of this to where we are right this second? >> well, i think that it's important for us to take a look at the fiscal cliff in its context of this year and also next year. it's not necessarily how much of the fiscal cliff expires, it's the incremental drag to gdp. this year we've got about a 1% fiscal drag. next year we're looking at a 1.5% fiscal drag. it's the incremental gdp that really...
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Jun 19, 2012
06/12
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take with us, the fiscal cliff which includes tax cut, balancing the budget, the keystone pipeline, all stalled. congress is nowhere near what they've accomplished in past years, past congresses. in fact, it's no wonder that gallup's latest congressional approval rating stand at an unimpressive 17%. that is up, in fact, though, from the all-time low of 10%, which was hit just back in february. bertha combs has been look into the numbers and joins us now. it's evening, have i got that right? >> it is, evening, joe. uh you're wide awake. normally you're sleeping at this time. harry truman may have been the one that coined the phrase do-nothing congress, but the current congress, the 112th has that group beat by a mile. after republicans swept the house with a promise of snauler government, well, congress has delivered on that promise at least when it comes to legislation last year. now, according to the congressional record, the senate and house were in session for about 170 days a piece in the first session of the 112th congress. and they passed 90 laws. compare that to the 110th congres
take with us, the fiscal cliff which includes tax cut, balancing the budget, the keystone pipeline, all stalled. congress is nowhere near what they've accomplished in past years, past congresses. in fact, it's no wonder that gallup's latest congressional approval rating stand at an unimpressive 17%. that is up, in fact, though, from the all-time low of 10%, which was hit just back in february. bertha combs has been look into the numbers and joins us now. it's evening, have i got that right?...
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Nov 9, 2012
11/12
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we've been getting lots of headlines on the fiscal cliff. bring it all together for us, john. >> mandy, jay carney, the white house press secretary, has just been briefing reporters and indicated that the white house would veto any bill extending the rates for the top end or tax cuts for the top end earners. this is a reiteration of the position the president's held for some time. remember, after extending those rates at the end of 2010, he indicated he was not going to go beyond 2012. i think this is not a sign that he's not willing to negotiate with republicans because the key point of what the president said this afternoon was he needs more tax revenue from the top end earners, not necessarily tax rates. so this is the case of the president not surrendering his position but also remaining open to the new ideas he said he was going to listen to when he meets with john boehner, mitch mcconnell and democratic leaders in congress next week here at the white house. >> john, thank you very much. we'll have more throughout the rest of the day. >
we've been getting lots of headlines on the fiscal cliff. bring it all together for us, john. >> mandy, jay carney, the white house press secretary, has just been briefing reporters and indicated that the white house would veto any bill extending the rates for the top end or tax cuts for the top end earners. this is a reiteration of the position the president's held for some time. remember, after extending those rates at the end of 2010, he indicated he was not going to go beyond 2012. i...
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Dec 11, 2012
12/12
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>> to compensate for the fiscal cliff. >> no. >> austerity. >> no. >> low mortgage rates. >> no. what about unemployment? >> got him on the third try. >> that's the one that the fed keeps saying, the reason why it's doing qe. we asked our correspondents whether or not mr qe would bring down the unemployment rate. guess what they said, no. 59% said, more qe, which the fed is expected to announce tomorrow, will not bring down the unemployment rate. which is really interesting, what will help bring down mortgage rates, like carl said, yes, what would help lower bond yield, yes, will it cause inflation, no. a little bit closer right there. so just take this in for a second here. it will bring down mortgage rates, it will bring down treasury rates, but it won't lower the unemployment rate. that's a clear sign that what wall street thinks right now is the problem with unemployment is not linked to interest rates. that's not what bernanke thinks, but that's what a majority on wall street believe. take a look here. we're going to show you in a little bit, the gdp outlook is lackluster. 2
>> to compensate for the fiscal cliff. >> no. >> austerity. >> no. >> low mortgage rates. >> no. what about unemployment? >> got him on the third try. >> that's the one that the fed keeps saying, the reason why it's doing qe. we asked our correspondents whether or not mr qe would bring down the unemployment rate. guess what they said, no. 59% said, more qe, which the fed is expected to announce tomorrow, will not bring down the unemployment rate....
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Oct 3, 2012
10/12
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cuts and you still got another $300 billion. >> that is not what the fiscal cliff does. restore the tax rates to bill clinton's tax rates. and we had a pretty good economy. >> that's $350 billion. >> we had a pretty darn good economy when we were playing bill clinton's tax rates and then it cuts defenses we haven't done in 30 years and entitlement programs. >> there's a few on the left that admit that going back to the clinton tax rates is not just for people who are 250, it's for everyone. >> i agree with that. >> $200 billion in the middle class from the bush tax cuts and $100 billion from the payroll tax cut -- >> it would do a lot. >> we should take our medicine, we should do it. >> that's where i think you're right. we have to -- any politician who says democrat or republican, we're going to get out of this without suffering some pain -- >> that's what we're hearing from paul krugman who says any democrat that goes along with the simpson/bowles. >> only for one reason, you shouldn't raise the -- you shouldn't raise the eligibility for medicare to 67. that makes no s
cuts and you still got another $300 billion. >> that is not what the fiscal cliff does. restore the tax rates to bill clinton's tax rates. and we had a pretty good economy. >> that's $350 billion. >> we had a pretty darn good economy when we were playing bill clinton's tax rates and then it cuts defenses we haven't done in 30 years and entitlement programs. >> there's a few on the left that admit that going back to the clinton tax rates is not just for people who are...
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Dec 26, 2012
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more problematically in this instance with the fiscal cliff, the consumer discretionaries. the restaurant stocks have done well. the retailers have done well. they could easily re-rate, in other words, correct, partly because consumers could rein in, and we could be seeing that now, we may not, or partly because wall street fears they would rein in. can you see consumer discretion as being vulnerable at this position now? >> consumer discretionary has been the best performing sector since the market bottomed in 2009. if there is a sector that could be in line for a re-writing, as you say, that's probably it. i think the most prudent way to look at the market today is to focus on sectors that have good dividend yields, good valuation and potential for revenue growth. health care and technology both fit that particular area. and i think those are the areas that, from a prudent perspective, might be the best place to make your bets for 2013. >> charles, where would you begin the new year? i know you're looking at value tech names, leapfrogging off of what david just said. you
more problematically in this instance with the fiscal cliff, the consumer discretionaries. the restaurant stocks have done well. the retailers have done well. they could easily re-rate, in other words, correct, partly because consumers could rein in, and we could be seeing that now, we may not, or partly because wall street fears they would rein in. can you see consumer discretion as being vulnerable at this position now? >> consumer discretionary has been the best performing sector since...
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Oct 23, 2012
10/12
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fiscal cliff. those are very major external risks. there are -- china is not going to grow at the double digit rates we've seen in the last several decades. india is going to show moderation in growth. so there's a softening of demand internally within asia. external factors are weaker. so i think well see lower growth, but it's still going to be a fairly handsome 6.1 this year, 6.7 next year. >> there seems to be -- we've had some extra stimulus coming through. some countries may think about needing to raising rates. but on the whole, how much reluctance is there for additional stimulus? >> our feeling is that asia does have the fiscal space. most of the countries. china has a huge fiscal surplus. china also does not have major inflation. it's actually moderating, so their policy can be more accommodating. the fiscal space is much more limited in have i. but at this point, we didn't think asian cups need to go into counter cyclical surplus. i think it's more important to keep the growth forces going. didn't need a major stimulus on t
fiscal cliff. those are very major external risks. there are -- china is not going to grow at the double digit rates we've seen in the last several decades. india is going to show moderation in growth. so there's a softening of demand internally within asia. external factors are weaker. so i think well see lower growth, but it's still going to be a fairly handsome 6.1 this year, 6.7 next year. >> there seems to be -- we've had some extra stimulus coming through. some countries may think...
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Aug 13, 2012
08/12
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. >> we're trying to put pressure on fixing the fiscal cliff and the president has chosen more class warfare, the politics of division and distraction. he has a terrible economic record. poverty rates at an all-time high, it's a record he can't run on so he's distracting the country in order to try to win this election and we want to call him out on it and say there's a better way forward. we have better ideas on health care, better ideas on taxes, on debt reduction, on growing the economy. >> let's get reaction from the democratic side of the aisle, congressman chris van hollen, an eloquent spokesman for that side of things, i worry about when he comes on, ranking member of the house budget committee, joins us from washington. you know congressman ryan pretty well, don't you, chris? >> i do. >> you probably like him, right in. >> i do like paul ryan, we get along very well personally and's a congenial guy and in the budget committee we've had very sharp debates but they've been civil debates, it's the kind of debate i hope we'll have in this country going forward. >> when i looked a
. >> we're trying to put pressure on fixing the fiscal cliff and the president has chosen more class warfare, the politics of division and distraction. he has a terrible economic record. poverty rates at an all-time high, it's a record he can't run on so he's distracting the country in order to try to win this election and we want to call him out on it and say there's a better way forward. we have better ideas on health care, better ideas on taxes, on debt reduction, on growing the...
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Jul 23, 2012
07/12
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, and if you knock out the top two brackets on the fiscal cliff, what happens? that's a million small business filers with over 50% of small business income. these are exactly what you don't want. it's what i talked to mr. geithner about. he's willing to take the risk, tim geithner, willing to take the risk on the high end rates. i am not. i think this is no time to take any tax hike risk in an economy that is in a growth recession, if not an outright recession. >> joe, you're our representative of american business sitting at the table. >> as far as, one of the things that strikes me immediately is that over the last month or so i know that larry has been bearish but this is the first time he's been bearish in 25 years so that raises a red flag, number one. number two, when you think in terms of the issues going on in europe and our clients ask us about this all the time. when we had our blow-up in 2008 we had 50 states come together under the direction of one government. you've got 17 independent countries with 17 independent perspectives in terms of what's go
, and if you knock out the top two brackets on the fiscal cliff, what happens? that's a million small business filers with over 50% of small business income. these are exactly what you don't want. it's what i talked to mr. geithner about. he's willing to take the risk, tim geithner, willing to take the risk on the high end rates. i am not. i think this is no time to take any tax hike risk in an economy that is in a growth recession, if not an outright recession. >> joe, you're our...
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Dec 28, 2012
12/12
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is that why we wanted to go over the fiscal cliff? >> no, no. that is a totally unfair characterization of what's been going on. the point here is that the president's position has been you have to have a compromise. you have to have a compromise on taxes, democrats have been willing to go to i think 500 billion in terms of the threshold. they've also been willing to make major cuts in spending. they talked about chain cpi on entitlements. about half a trillion total in entitlement cuts. there's been compromise on the democrats' part. the point that i'm making here is that there will not be a deal until the speaker recognizes you have to have a bipartisan package that both republicans and democrats can support, and that it will have to reflect compromise. the position of the house republicans to this point has been to dig their heels in, and absolutely no compromise. that was the position of the -- that they -- >> take it. take 39.6. i'm ready. take it. then can we just do it and then do something, judd? please. i'm so tired of this. >> well, ye
is that why we wanted to go over the fiscal cliff? >> no, no. that is a totally unfair characterization of what's been going on. the point here is that the president's position has been you have to have a compromise. you have to have a compromise on taxes, democrats have been willing to go to i think 500 billion in terms of the threshold. they've also been willing to make major cuts in spending. they talked about chain cpi on entitlements. about half a trillion total in entitlement cuts....
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Nov 9, 2012
11/12
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if you go over the fiscal cliff, it's the best thing for the economy. they think if you take your medicine and you take the punishment thousand. >> people on the left feel the same way because they'll at least get the high end back to 39.6. they want to reset everything to pre-bush tax cut and then try to leave it high. breaks to the lower people. so both sides are still this far apart. >> what i don't understand is not coming back to the table. i hope we hear something from the president later today. i've seen some of the early stuff from plouffe and things. what i'd like to hear is something more akin to what we heard, lock everybody in a room and don't head them out. >> plouffe and axelrod are smart. there are 100 guys in the house that you could say are obstructionist, but nobody will remember any of their name if we go in to recession. but you're going to remember president obama if we go into another recession. so it doesn't help him to do that and to -- but his base is still saying no. >> i'm going to complicate it. i talked to somebody yesterday
if you go over the fiscal cliff, it's the best thing for the economy. they think if you take your medicine and you take the punishment thousand. >> people on the left feel the same way because they'll at least get the high end back to 39.6. they want to reset everything to pre-bush tax cut and then try to leave it high. breaks to the lower people. so both sides are still this far apart. >> what i don't understand is not coming back to the table. i hope we hear something from the...
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Dec 28, 2012
12/12
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we get through this fiscal cliff stuff. we get back to the business of america's business, interest rates will slowly tick higher and investors that have been buying bond funds the last few years will realize that they're losing money when they see the negative signs in their statements. that is going to be a surprise moment for many investors and we think they'll slowly start coming back into equity funds and we'll start to see the first inflows, namely, a general and strong inflows that we've seen in multiple years. >> we're beginning to see a trickle of that but you think that would accelerate. you say 1575 year end. industrials, energy, and i.t. what is so special about those? >> well, in reverse order, technology really is the cash cow for corporate america. it's really invoked a strong structural change in terms of balance sheet management and cash management but more importantly the earnings consistency. energy, we believe the u.s. is moving more closely toward energy independence over the next three to five years. l
we get through this fiscal cliff stuff. we get back to the business of america's business, interest rates will slowly tick higher and investors that have been buying bond funds the last few years will realize that they're losing money when they see the negative signs in their statements. that is going to be a surprise moment for many investors and we think they'll slowly start coming back into equity funds and we'll start to see the first inflows, namely, a general and strong inflows that we've...
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Nov 12, 2012
11/12
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cliff you'll see an increase by 1% in the unemployment rate which means an increase of 100 basis points in health care costs he at aetna will have to lay off people. he's putting those plans in place. >> the numbers are sliding all over the place, becky. on the other hand if corporate managers look at what else is going on in the economy, the election is behind us, we've got very accommodative monetary policy, suddenly we have some level of certainty on the fiscal situation, you could suddenly see investment decisions being made and some of this $1.7 trillion on corporate balance sheets going into the economy. >> dan, can i just make sure that you're saying that this is something that happens if we go over the fiscal cliff and we come up with a better plan using the base lines, not necessarily if we go over the fiscal cliff and stick with those base lines? >> the base lines are the fiscal cliff. if we go with the base line it's not ideal but it's some level of certainty. i'm not advocating it. i think it's messy and no good for anybody. indiscriminate sfesratiequestra cuts in spending,
cliff you'll see an increase by 1% in the unemployment rate which means an increase of 100 basis points in health care costs he at aetna will have to lay off people. he's putting those plans in place. >> the numbers are sliding all over the place, becky. on the other hand if corporate managers look at what else is going on in the economy, the election is behind us, we've got very accommodative monetary policy, suddenly we have some level of certainty on the fiscal situation, you could...
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Jul 19, 2012
07/12
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. >> i think a fiscal cliff is what calls us, we have to go out five years with zero interest rates because we'd be in recession. >> we'd take the economy down, that's the opposite impact, unless the foreign buyers of our debts are going strong. >> they may never want to buy it. >> they're really on the hook. they're really there and they'll have massive losses in their current holdings if they don't continue to play the game. one of the ways josh, i know josh pretty well, i think one of the ways for investors to play this, europe, we've mentioned that philippe was up about 20% in his fund europe with 17 the other day. >> i love you're saying my returns because i don't think i'm allowed to say them. they said them for philippe so i'll say them and you don't have to confirm anything but you do a lot of that through the mortgage market, the residential mortgage-backed securities market and i think it's interesting for investors to understand the dynamics of why that's a safer way to play the market than buying the single family home, because there are certain assumptions embedded into your pr
. >> i think a fiscal cliff is what calls us, we have to go out five years with zero interest rates because we'd be in recession. >> we'd take the economy down, that's the opposite impact, unless the foreign buyers of our debts are going strong. >> they may never want to buy it. >> they're really on the hook. they're really there and they'll have massive losses in their current holdings if they don't continue to play the game. one of the ways josh, i know josh pretty...
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Oct 5, 2012
10/12
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cliff and i think if you look more broadly at businesses right now, you're certainly seeing a contraction in investment, and a hit to confidence. you see it in capex and durable goods orders. the request he is how that ends up translating to labor if business also cut back on labor as much as they cut back on capital and we think we won't see an outright contraction in jobs but certainly see some slow job growth. >> john, you're nodding your head. you agree with what michelle was just saying? >> kcapex and things like that don't look good. >> the shortfall in jobs is the hiring. if you look at -- >> hiring slowed down. >> it's not layoffs, it's the hiring. if you look at the hiring rates across industry, first thing that comes that's obvious is across all industries so that would be consistent with michelle's view the uncertainty that's pervading across the economy but the other thing you notice is a lot of it is construction, housing, and so when that comes back. >> there's a lag between investment and housing, and actual construction jobs so housing investment and construction is termed
cliff and i think if you look more broadly at businesses right now, you're certainly seeing a contraction in investment, and a hit to confidence. you see it in capex and durable goods orders. the request he is how that ends up translating to labor if business also cut back on labor as much as they cut back on capital and we think we won't see an outright contraction in jobs but certainly see some slow job growth. >> john, you're nodding your head. you agree with what michelle was just...